Habit formation and the equity-premium puzzle: a skeptical view

DOI10.1007/S10436-006-0041-3zbMath1233.91093OpenAlexW2140856720MaRDI QIDQ665776

Stefano G. Athanasoulis, Oren Sussman

Publication date: 6 March 2012

Published in: Annals of Finance (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10436-006-0041-3

zbMATH Keywords

equity premiumhabit formationrisk-free interest rate

Mathematics Subject Classification ID

Utility theory (91B16)

Related Items (2)

Risky asset allocation and consumption rule in the presence of background risk and insurance markets ⋮ The equity premium: a deeper puzzle

Cites Work

• Unnamed Item
• HABIT PERSISTENCE AND ASSET RETURNS IN AN EXCHANGE ECONOMY
• THE SHARPE RATIO AND PREFERENCES: A PARAMETRIC APPROACH

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